Multi-Tenant Shopping
5131 Dorchester Rd, North Charleston, SC 29418
For Sale
Contact for pricing
Current occupancy is 92.80%, with tenants under gross and modified gross lease structures.
Property Size16,657 SF
Price / SF$150.09
Days on Market55
Property Features for 5131 Dorchester Rd
General Information
Standard status
Size
Property subtype
Occupancy
Building Details
Tenancy
Listing Agency:
Northmarq
Listed By:
Ani Paulson · License SC #428443
Source:
Crexi
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 10 at 7:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center contains 16,657 square feet and has a varied tenant roster. Occupancy stands at 92.80%, with leases structured as modified gross or gross.
More than half of the center’s GLA is month-to-month or scheduled to roll within the first 12 months.
More than half of the center’s GLA is month-to-month or scheduled to roll within the first 12 months.
Key Highlights
- 16,657‑square‑foot shopping center
- 92.80% occupied
- Varied mix of tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,088
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,760
$3.9M
Cap Rate 7%
$2,758,400
$2.8M
Cap Rate 9%
$2,145,422
$2.1M
Market Conditions
NOI Build-Up for 16,657 SF
Gross rent
$299.8K $18.00/SF
− Vacancy
−$24.0K −$1.44/SF
EGI
$275.8K $16.56/SF
− OpEx
−$82.8K −$4.97/SF
NOI
$193.1K $11.59/SF
Area
North Charleston, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,760
Cap Rate 7%
$2,758,400
Cap Rate 9%
$2,145,422
Alternative Uses
Best Use
Retail
$2.76M
$2.41M – $3.22M
NOI $193,088 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.96M – $5.28M
NOI $316,616 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
92.8%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29418, SC
24,154
Population
12,334
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,830
Density / Sq Mi
$62,421
Median Household Income
$41,287
Median Earnings
$1,277
Median Rent
$234,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Current occupancy is 92.80%, with tenants under gross and modified gross lease structures.
Where is this shopping center located?
The property is located at 5131 Dorchester Rd North Charleston, SC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 16,657‑square‑foot shopping center; 92.80% occupied; Varied mix of tenants
